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Mega to spend $44 million for uranium exploration in Mongolia, and worldwide |
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Wednesday, 26 March 2008 |
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The Mongolian mine holdings
of Mega Uranium Ltd. will receive part of a $44 million investment to
be spent on uranium exploration in 2008.
The Canadian-based company
announced on Tuesday that it will focus on twenty sites throughout the
world, including its Mongolian uranium sites at Khashaat, Baganurat
and Jargalan.
Besides Mongolia, Mega Uranium
has uranium mines in Australia, Canada, Argentina, Bolivia, Colombia,
and Cameroon.
Mega's proposed exploration
programs in 2008 will include a total of 82,000 meters of drilling in
20 projects, according to company officials.
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